Thailand has announced the extension of anti-dumping measures on boron-added hot-rolled steel products imported from China for an additional five years. This decision follows a comprehensive review that confirmed the need to continue protecting the domestic steel industry from unfair pricing practices. The anti-dumping duties will remain in the range of 14.28% to 19.47%, depending on the Chinese manufacturer involved.
The affected products include flat hot-rolled steel with added boron, available in both coil and non-coil forms. These steel products have a boron content exceeding 0.0008% and vary in thickness from 0.9 mm to 50 mm, with widths spanning from 100 mm to 3,048 mm. They are categorized under several Harmonized System (HS) Codes, including 7225.30.90.022 and 7226.91.90.090, among others.
The decision to extend these duties reflects Thailand's ongoing commitment to shielding its domestic steel industry from the adverse effects of dumping. Dumping occurs when a country exports a product at a price lower than its normal value, often resulting in significant harm to the importing country's local industry. By imposing these duties, Thailand aims to level the playing field for its domestic producers, ensuring they can compete fairly against imported goods.
The review process involved a detailed analysis of the market conditions and the impact of Chinese imports on the Thai steel industry. The findings indicated that without these protective measures, the local industry could suffer material injury due to the continued influx of low-priced Chinese steel. The extension of duties is thus seen as a necessary step to prevent such outcomes and support the sustainability of Thailand's steel sector.
